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Bank of Canada Lowers Qualifying Rate

Monday Jul 29th, 2019

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                                         The Bank of Canada Decreased its 5 year benchmark mortgage rate by 15 basis points from 5.34% to 5.19% earlier this week.. So what does this mean for Canadian borrowers?? In short, they can now qualify for more home. According to calculations by Ratehub.ca, a borrower with an annual... [read more]

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